The price action question is the wrong one to be asking, what matters here is that a major traditional fund manager just got regulatory clearance to run cash management on a blockchain, and that's a structural shift in how institutions think about custody, not a pump-and-dump chart pattern.
Is this enough to actually push BENJI through resistance or does it just fade after the announcement?
Probably pops to grab the sell stops above resistance then fades, that's how these announcement moves usually play out.
The price action question is the wrong one to be asking, what matters here is that a major traditional fund manager just got regulatory clearance to run cash management on a blockchain, and that's a structural shift in how institutions think about custody, not a pump-and-dump chart pattern.